4 ms·
I agree. But unless the incentives are changed, the US will continue to deindustrialize. Many here constantly bemoan the financialization of American companies.
by drivebyhooting 2y ago
I agree. But unless the incentives are changed, the US will continue to deindustrialize. Many here constantly bemoan the financialization of American companies. But that’s all that’s left after gutting the industrial capacity.
Think not for one moment that Apple et al can rest on their laurels “designed in California”. China is coming for the value chain lunch.
- dkjaudyeqooe 2y ago> the US will continue to deindustrialize This is a fiction. The US manufactures more than it ever did, just not the same products and with less staff. The US is second only to China. This is a normal process of seeking out better markets and ceding less profitable ones. https://en.wikipedia.org/wiki/Manufacturing_in_the_United_States https://en.wikipedia.org/wiki/Manufacturing_in_the_United_St...
- drivebyhooting 2y agoSemiconductors? Drones? Consumer goods? EVs (soon)? Let’s not even mention that in belligerence it is the “less profitable” industries that carry the war.